3203 Ellwood Avenue, Richmond, VA 23221
- $935,000
- 2,384
- SqFt
- List Price
- $935,000
- Days on Market
- 35
- MLS#
- CVR-2617418
- Status
- ACTIVE
- Type
- Multifamily
- Style
- Two Story
- Year Built
- 1923
- County
- Richmond City
- Region
- 10 - Richmond
Property Description
Located in the heart of Richmond's highly sought-after Carytown neighborhood, 3203 Ellwood Avenue offers a rare opportunity to acquire a fully renovated four-unit apartment building in one of the city's strongest rental markets. Each of the four thoughtfully updated one-bedroom apartments features modern finishes while maintaining the property's classic character. The building is fully leased, with all four apartments generating $1,499 per month, providing stable, in-place cash flow from day one. New Lease for Unit A starting Aug 1 for $1549 a month. Each unit is separately metered, with tenants responsible for all utilities, helping to minimize operating expenses. Just steps from Carytown's acclaimed restaurants, local boutiques, coffee shops, and entertainment, the property offers an exceptional walkable lifestyle that continues to drive strong tenant demand. Whether you're seeking a turnkey investment or a long-term hold in one of Richmond's premier neighborhoods, 3203 Ellwood Avenue is an outstanding opportunity.
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Additional Information
- Acres
- 0.05
- Living Area
- 2,384
- Elementary School
- Lois-Harrison Jones
- Middle School
- Albert Hill
- High School
- Thomas Jefferson
- Roof
- Built-Up
- Appliances
- Tankless Water Heater
- Basement
- Crawl Space
- Taxes
- $5,424
- Stories
- 2
- Style
- Two Story
- Construction Materials
- Brick, Drywall, Plaster
- Fencing
- None
- Patio And Porch Features
- Balcony
- Parking Features
- No Garage, On Street
- Appliances
- Tankless Water Heater
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $5,424
Mortgage Calculator
Listing courtesy of One South Commercial LLC.
All or a portion of the multiple listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of listings. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of listings and each individual listing are © 2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. Real estate properties marked with the Central Virginia MLS (CVRMLS) icon are provided courtesy of the CVRMLS IDX database. The information being provided is for a consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties for purchasing. IDX information updated .